BELGRADE (Serbia), January 23 (SeeNews) – Serbia's finance ministry said on Tuesday it sold 9.3 billion dinars ($96 million/78 million euro) of five-year dinar-denominated Treasury notes, below target.
The yield came in at 4.3%, down from 6.5% at the last auction of five-year dinar T-notes held on October 20, 2015, the ministry said in a statement.
Demand for the government debt paper, which matures on January 25, 2023, stood at 28.3 billion dinars.
Details follow:
|
Jan 23 |
Oct 20 |
Amount offered (mln euro) |
100.0 |
20.0 |
Amount sold (mln euro) |
9.339 |
13.987 |
Total bids placed (mln euro) |
28.349 |
18.342 |
Bid-to-cover ratio |
3.04 |
1.3 |
Yield |
4.3% |
6.5% |
(1 euro = 118.514 dinars)